Tuesday, May 11, 2010

Gas Prices Up, But Expert Predicts Decline

According to a report by Dr. Gridlock on the Washington Post, "the average price for a gallon of gasoline in the United States rose 7 cents in the past two weeks to the highest levels since October 2008, but should retreat following last week's sharp fall in crude oil prices, according to an industry analyst.

"The national average for self-serve, regular unleaded gas rose to $2.92 per gallon on May 7, up from $2.85 two weeks earlier, according to the nationwide Lundberg survey of about 2,500 gas stations. On Friday, crude hit its lowest level since Feb. 16, at $74.51 per barrel after going over $87 earlier in the week as worries grew that the euro zone's debt crisis might derail the global economic recovery."

What about prices here in Loudoun County? Where have you found cheap gas? Leave your comments below, with prices and locations. Don't forget. You can also check out our Virginia/ Loudoun County gas prices in the "Gas Buddy" area of the navigation bar (right side).

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